Posted on 08/29/2020 10:08:01 AM PDT by rktman
One of the most successful elements of the government’s response to the coronavirus recession — protecting people on the margins from falling into poverty — is faltering as the safety net shrinks and federal benefits expire.
Major recessions are especially fraught for low-income earners, whose finances can veer from tenuous to dire with one missed paycheck. But as the economy cratered this spring, economists and poverty experts were mildly surprised to discover that the torrent of government support that followed — particularly the $600 a week in expanded unemployment benefits and one-time $1,200 stimulus checks — likely lowered the overall poverty rate.
In fact, 17 million people would have dropped below the poverty line without the $500 billion in direct intervention for American families, said Zach Parolin, a researcher at Columbia University.
(Excerpt) Read more at washingtonpost.com ...
Suddenly people will start forgetting about Covid and start hating on all the restrictions and fearmongery. Brilliant.
Doom porn from the WaPo!!
Too early? Oh, maybe not with early voting.
:-0. LOL!
Women & Minorities Hardest Hit
Hate it for decent Americans but for Democrats I hope they suffer for generations.
Not in my city!! On the contrary people are working building home etc...they must be talking about the blue demonrats states!!! All’s well here in texas! THANK U LORD!!
I hope that a growing number of our countrymen are putting all the pieces together and are beginning to realize that all the economic misery, the racial divisions and all the divisiveness all point back to one source: The Democrats!
Isn’t Nancy blocking the second round of stimulus checks?
It should have the rat’s donkey party emblem instead!!!
Yes, I’ve seen it. Good stuff.
Trump wants the 2nd 1200, trimmed down II. Held up by Schumer and Pelosi. The media is suppressing this to protect Schumer and Pelosi.
No more money until Trump stops stealing mail boxes.
Nay! If so the rats would’ve been dragged out unto the streets by the short hairs by now!!
Sadly, I know you’re right. All I see ahead for our country is chaos even when Trump is re-elected. I don’t want to think that way, but we’re dealing with very unhinged and desperate people on the other side!
Transparent as hell.
Then maybe they should NOT have relied most of their lives on what should have been a safety net. Most people (or at least the mouthiest ones who complain about their fate the most) have lived at or above their means for years financing lifestyle with debt.
There will be chaos if Biden wins too. Biden is already saying a mask mandate and that he would shut the country down. And don’t forget about the BLM activists they want a lot more and they are going to keep going until they get what they want and I don’t think white people are part of it.
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